California Water Service Group (CWT) to Release Quarterly Earnings on Thursday

California Water Service Group (NYSE:CWT) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $216.37 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

California Water Service Group Stock Up 2.0 %

California Water Service Group stock opened at $47.03 on Wednesday. The firm has a market cap of $2.80 billion, a PE ratio of 13.59, a P/E/G ratio of 0.46 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64. The firm’s 50 day moving average price is $44.78 and its two-hundred day moving average price is $49.71. California Water Service Group has a twelve month low of $41.64 and a twelve month high of $56.25.

California Water Service Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, February 10th. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.28. California Water Service Group’s dividend payout ratio is currently 34.68%.

Analyst Upgrades and Downgrades

CWT has been the topic of several research reports. Bank of America initiated coverage on shares of California Water Service Group in a research note on Wednesday, December 11th. They issued a “buy” rating and a $57.00 price objective on the stock. Wells Fargo & Company upgraded shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $56.00 to $52.00 in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.25.

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services.